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An international company owning a Russian international supermarket chain franchiseв.

Problem

The Client asked KPMG to provide advisory support services for the corporate transaction on the acquisition of a store chain and retail lease rights in Russia.

Solution

KPMG specialists carried out complete due diligence, identified risks and opportunities of the transaction, and performed valuation of purchased assets and analysis of transfer statements.

Result

KPMG performed all necessary scope of work by established deadlines ensuring the transaction is completed on time and with minimum risks.

Why KPMG

The global KPMG transaction practice unites over 2700 professionals in 50 countries around the world. Our team comprises qualified specialists having extensive experience in corporate transactions and specific industry in Russia and the CIS. Our significant experience includes provision of support services for major transactions in Russia, Kazakhstan and Ukraine.

The client asked KPMG for assistance in identification of existing tax risks and implementation of mitigation measures.

Solution

KPMG specialists performed diagnostics of tax risks and reviewed the accuracy of assessment of income tax and VAT, tax accounting and preparation of tax statements. Based on the analysis results KPMG identified tax risks and performed quality and quantity assessment. KPMG team elaborated recommendations on changing the operational structure aimed to reduce and eliminate significant tax risks and provided assistance in putting those changes into practice.

Result

KPMG services including the implementation stage helped the client to strengthen its technical position in the context of taxation of typical operations and align its tax accounting methods with the purposes of operational structure.

The client asked KPMG for assistance in developing new tax accounting methods in the light of the planned implementation of ERP system.

Solution

A review of existing methods of tax accounting and tax statements preparation held by KPMG specialists helped identify a number of risks and deficiencies.

KPMG also developed improved tax accounting methods complying with the requirements of the legislation and adapted to the client’s specific business aspects and expected functions and features of the new ERP system.

Result

Tax accounting methods developed by KPMG ensured significant optimization of the client's labor costs for tax accounting and calculation of tax liabilities.

Why KPMG

Based on the services provided by KPMG, the client was able to eliminate tax risks and significantly improve the performance of its tax function.

Development of a strategy ensuring long-term competitive advantages in the food industry and a steady business growth in the medium term

Client

A large Russian oils and fat company.

Problem

The client faced the problem of a high level of competition given the decline in production and decrease in margins in the Russian traditional markets and asked KPMG for assistance in developing a strategy of product and geographical diversification of its business.

Solution

KPMG developed a medium-term strategy for the client that will ensure the retention of its market share and profitability in the existing markets of presence with regard to the increased competition and macroeconomic changes.

Attractive food markets of Russia, China and India were determined in terms of the market dynamics, level of competition and potential synergy with the client's current business KPMG also identified potential entry models to food markets of the South East Asia in the long-term perspective. Other deliverables of the project include the review of China's M&A market, calculations of the acquisition multipliers for food enterprises and compilation of a preliminary list of the target companies to be acquired.

Result

We determined promising product segments for business development in Russia and China based on the level of competitiveness, market dynamics and potential profitability. We also aligned the attractive market segments with the client's level of competency development. Based on the results of financial model and strategic session with the client we identified the most attractive strategic option and selected its implementation models. The effect of implementing strategic initiatives was calculated pursuant to the financial model. The strategy implementation roadmap was prepared and approved.

Why KPMG

Strong industry knowledge, experience in providing advisory services on strategy issues, and international experience allowed KPMG to ensure the quality of services as required by the client.

KPMG specialists provided services in developing corporate budgeting methods, covering the client’s key planning areas: Income and Expense Budget, Category Management, Logistics, Personnel, CAPEX and Working Capital. We performed integration with budgeting methods used at other companies of the group, and ensured integration at the level of compiling a group's consolidated budget.

KPMG team created prototypes of budget models, provided support for budget campaign 2016 and developed a package of additional management reporting.

KPMG team helped computerize the budgeting methods using Cognos TM1 system and provides support for budget campaign 2017.

Result

Client's budgeting methods were developed and formalized. Prototypes of functional budgets were created in MS Excel and transferred to Cognos TM1.

KPMG in Russia and the CIS has an extensive experience in computerization of budget and accounting processes. We provide assistance in selecting IT systems and IT integrators pursuant to the client's requirements and based on our knowledge of the Russian IT market and KPMG international experience.